Surety solutions that power growth
Specialist surety expertise and capacity helping brokers and businesses secure contracts, deliver projects, and unlock new opportunities
Securing obligations across sectors
Surety bonds are a key instrument for securing contractual obligations, providing the assurance required by clients and counterparties before work is performed or projects are executed. As such, they are often a prerequisite for participating in tenders and successfully delivering contracts.
Companies across a wide range of sectors – particularly in construction, industrial and infrastructure-related activities, but also beyond – rely on robust surety solutions to meet their contractual obligations towards project owners and public authorities.
Structured surety, built around your requirements
Against the backdrop of increasing requirements around financial strength, structuring and speed of execution, both brokers and companies need a partner that combines stable capacity with disciplined underwriting and a pragmatic approach.
Munich Re Specialty provides surety solutions across the full spectrum of performance bonds, advance payment bonds, warranty bonds and other contract-related guarantees. We work with both brokers and companies to develop tailored solutions aligned with their specific requirements, combining thorough financial analysis with an efficient and solution-oriented underwriting approach.
Our surety solutions are designed primarily for medium and large corporates, and we are open to serve all sectors.
Our teams operate from within the markets they serve, combining local expertise with the depth of a global organisation.
Our underwriting approach
Focus on contractual surety risks and selected commercial bonds & guarantees
Individually structured solutions rather than standardised approaches
Disciplined underwriting with a focus on the company’s long-term performance
Close collaboration with brokers and clients throughout the lifecycle of a bond
Regional specialists
Why choose Munich Re Specialty?
Expertise
Deep specialist knowledge across complex and technical lines, with underwriters who engage directly with the detail of each risk. We focus on risks where underwriting judgement and technical depth truly add value.
Stability
Consistent capacity and long-term market commitment, underpinned by the financial strength of Munich Re Group. Our approach prioritises sustainability and continuity across underwriting cycles.
Partnership
Accessible, straightforward to work with, and focused on building lasting relationships with the brokers and clients we serve. We work as a long-term underwriting partner, not just a capacity provider.
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Frequently asked questions
What is a surety bond?
A surety bond is a legally binding obligation whereby a surety guarantees to a beneficiary the performance of specific obligations of a company (the principal). If the principal fails to fulfil their contractual or regulatory obligations, the surety is liable to compensate the beneficiary up to the value of the bond.
What types of surety bonds does Munich Re Specialty consider?
Our underwriters consider a range of bond types, including contract bonds, such as performance and advance payment bonds as well as commercial bonds such as grid connection or judicial bonds. The availability of specific bond types varies by market.
How does surety differ from insurance?
Surety is not a traditional risk transfer product like insurance, but economically a credit instrument. While the surety assumes the obligation towards the beneficiary, it expects recourse to the principal in the event of a claim.
What information is typically required to underwrite a surety bond?
Underwriting a surety bond focuses on two key aspects: the strength of the company and the nature of the underlying obligation. This includes assessing the company’s financial position, capital structure, business model, and operational track record, as well as the specific risks linked to the contract or obligation being secured.
To do this, underwriters typically require financial information, details on the company’s business activities and experience, and information on the underlying contract, including bond amount, structure, and, where applicable, the required wording. The level of detail depends on the size and complexity of the transaction.
How does Munich Re Specialty work with clients and brokers?
We work the way our clients prefer — through a broker or directly with us. In both cases, our underwriting teams can be contacted early to discuss requirements and help structure solutions efficiently, particularly for larger or complex transactions.
This page is for general informational purposes only and does not constitute an offer or solicitation of insurance. Product availability varies by market and is subject to underwriting acceptance.